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Absolutely. And then if Labour can do the same and split into the Socialist Workers Party, Labour, and the Lib Dem’s....
When Momentum is done with Labour, it will have emerged as the de facto SWP from the inside out. Brexit aside, the next few years are going to be fascinating, and probably not in a good way.
This paper makes an estimate of the tax loss to the UK arising from the tax haven activities of those who are subject to UK tax upon their income, or who would be if the UK's HM Revenue and Customs knew about them.
The resulting annual tax losses are estimated to be £8.5 billion by high net worth individuals (HNWIs) resident in the UK, £3 billion by large UK companies and £7 billion as a result of tax evasion and related activities, or a total of not less than £18.5 billion per annum.
In calculating this cost it is assumed that the actions of HNWIs and large companies constitutes legal tax avoidance. Most of the £7 billion loss is the result of illegal tax evasion.
I wonder why multi millionaire hedge fund manager JRM is so keen on Brexit. Could it be that he and his chums aren’t that keen on the anti-avoidance legislation that the EU are implementing next year?
Despite knowing naff-all about what the current state of the negotiations are (they can’t even agree amongst themselves, let alone have a plan), minor Tories are charging £6,000 per day for their quality advice...
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